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The promotion, in its current form, was started by Steve Keirn in 2007[1] to be WWE's second developmental territory when they ended their relationship with the Georgia-based Deep South Wrestling in early 2007.[4] It became their only developmental territory in early 2008 when they ended affiliation with Ohio Valley Wrestling.[3]

In August 2012, WWE dropped the FCW name, retired all FCW championship belts, and began running its developmental efforts under the "NXT" name. WWE had previously used NXT for a reality television program that featured FCW wrestlers trying to earn a WWE contract. WWE NXT, which had been the name of the reality show, is now used as the title of NXT Wrestling's main TV program.[10]

FCW regularly ran shows every Tuesday at Bourbon Street nightclub,[11] as well as spot shows on other nights at other venues in and around the Central Florida area. They are also in the getting ready to start a weekly television series when get a public restroom built in.[12] As NXT Wrestling, it now runs live shows ar several locations around Florida.[13]